Published: 23 June 2026 | 6.00 AM
Last Updated: 23 June 2026 | 3.00 PM
IPO Snapshot
| Particulars | Details |
|---|---|
| Chanakya View | Neutral to Positive |
| GMP Today | Rs. XX |
| Subject to Sauda | Rs. XX |
| Issue Size | To be declared |
| Price Band | Rs. 126 to Rs. 136 |
| Lot Size | 110 Shares |
| Retail Investment | Rs. 14,960 |
| Listing Exchange | BSE, NSE |
| Market Cap | To be declared |
👉 | IPO GMP | IPO Reviews | IPO Subscription | IPO Allotment
Live Subscription Tracker (Only After IPO Opens)
| Category | Subscription |
| QIB | XXx |
| NII | XXx |
| Retail | XXx |
| Total | XXx |
Subscription Signal
| Subscription Level | Interpretation |
| Below 1x | Weak |
| 1x–5x | Average |
| 5x–20x | Good |
| 20x–50x | Strong |
| Above 50x | Very Strong |
What Does the Company Do?
Aastha Spintex Ltd., incorporated in 2013, is engaged in manufacturing and trading of cotton yarns and cotton bales. The company manufactures carded, combed and compact combed cotton yarns used in knitting and weaving applications. Its products cater to segments such as denim, terry towels, shirting, sheeting, sweaters, socks, home textiles and industrial fabrics. The company has a semi-automated integrated spinning and ginning facility at Halvad, Morbi, Gujarat.
IPO Schedule
| Event | Date |
| IPO Opens | 29 June 2026 |
| IPO Closes | 1 July 2026 |
| Allotment | 2 July 2026 |
| Listing | 6 July 2026 |
Quick Positives
✅ Integrated cotton spinning and ginning infrastructure.
✅ Established product portfolio covering cotton yarn, cotton bales and yarn waste.
✅ Manufacturing facility located in Gujarat with storage and expansion scope.
✅ Revenue and profitability have improved significantly compared with FY2023.
✅ Renewable energy infrastructure may support cost-efficient manufacturing.
Key Risks
⚠ Textile and cotton yarn businesses are exposed to raw cotton price volatility.
⚠ FY2025 margins were better than 9MFY2026, indicating margin pressure needs monitoring.
⚠ Debt/equity of 0.66 shows leverage remains an important factor.
⚠ Recently listed textile IPOs have seen weak listing performance, which may affect sentiment.
Who Should Apply?
| Investor Type | Suitability |
| Listing Gain Investors | ★★★☆☆ |
| Long-Term Investors | ★★★☆☆ |
| Conservative Investors | ★★☆☆☆ |
| High-Risk Investors | ★★★★☆ |
Chanakya View
Neutral to Positive
Aastha Spintex has an integrated textile manufacturing model, improving profitability and presence in cotton yarn and cotton bales. However, the textile sector is cyclical and sensitive to cotton prices, working capital needs and export/domestic demand trends.
Investors may consider the IPO with a selective approach after checking GMP, subscription trend and final valuation. Conservative investors should avoid aggressive bidding unless demand indicators turn strong.
IPO Details at a Glance
| Particulars | Details |
| IPO Date | 29 June 2026 to 1 July 2026 |
| Listing Date | 6 July 2026 |
| Face Value | Rs. 10 Per Share |
| Price Band | Rs. 126 to Rs. 136 Per Share |
| Lot Size | 110 Shares |
| Sale Type | Fresh Capital Only |
| Issue Type | Book Building IPO |
| Listing At | BSE, NSE |
| Issue Size | To be declared |
| Fresh Issue | To be declared |
| Offer For Sale | Nil |
| Market Cap | To be declared |
Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Lot Size
| Application Type | Lots | Shares | Amount |
| Retail Minimum | 1 | 110 | Rs. 14,960 |
| Retail Maximum | 13 | 1,430 | Rs. 1,94,480 |
| S-HNI Minimum | 14 | 1,540 | Rs. 2,09,440 |
| S-HNI Maximum | 66 | 7,260 | Rs. 9,87,360 |
| B-HNI Minimum | 67 | 7,370 | Rs. 10,02,320 |
Company Details
Aastha Spintex Ltd. is engaged in manufacturing and trading of carded, combed and compact combed cotton yarns and cotton bales.
The company’s cotton bales are used for captive yarn production as well as supplied to other spinning units. Its cotton yarns are used in knitting and weaving applications and cater to end-use products such as denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles and industrial fabrics.
The company operates a semi-automated integrated spinning and ginning manufacturing facility at Halvad, Morbi, Gujarat. As of 31 December 2025, the company had 205 employees.
Products
| Product | Details |
| Cotton Yarn | Carded, combed and compact combed cotton yarns used in knitting and weaving applications |
| Cotton Bales | Compressed bundles of ginned cotton used for captive consumption and sale to other spinning units |
| Cotton Yarn Waste | Waste generated during spinning and post-processing, reused within the textile ecosystem |
Competitive Strengths
| Key Strengths |
| Fully integrated cotton spinning infrastructure |
| Long-standing relationship with key customers |
| Strategically located manufacturing facility |
| Adequate storage facilities and expansion scope |
| Renewable energy infrastructure |
| Strong financial and operating metrics |
| Experienced promoters and management team |
IPO Objects
| Sr. No. | Objects of the Issue | Estimated Amount |
| 1 | Part payment of purchase consideration for acquisition of Falcon Yarns Private Limited | Rs. 1,115.10 Crore |
| 2 | Inter-corporate deposits for funding working capital requirement of Falcon Yarns Private Limited | Rs. 100.00 Crore |
| 3 | General Corporate Purpose | Balance Amount |
| Total | Rs. 1,215.10 Crore |
Note: The objects amount appears large compared with the issue size information provided as “to be declared”. Investors should verify the final RHP figures before applying.
Company Address
| Particulars | Details |
| Registered Office | Survey No. 1441, 1442, 1448/1, 1449, 1450/2 P2 & 1443/P2, Halvad Maliya Highway, Halvad, Surendranagar, Gujarat – 363330 |
| Phone | +91 90815 35400 |
| info@aasthaspintex.com |
Lead Manager & Registrar
| Particulars | Details |
| Lead Manager | BOI Merchant Bankers Ltd. |
| Lead Manager | PNB Investment Services Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
| Registrar Phone | +91-22-6263 8200 |
| Registrar Email | ipo@bigshareonline.com |
Financials
| Particulars (Rs. Crore) | 31 Dec 2025 | FY2025 | FY2024 | FY2023 |
| Total Assets | 331.66 | 274.20 | 240.57 | 172.59 |
| Total Income | 314.02 | 352.17 | 305.67 | 239.69 |
| Profit After Tax | 17.56 | 22.92 | 16.29 | 1.06 |
| EBITDA | 35.25 | 46.36 | 34.25 | 11.60 |
| Net Worth | 153.18 | 121.05 | 76.38 | 60.01 |
| Reserves & Surplus | 121.47 | 91.12 | 49.07 | 32.70 |
31 December 2025 numbers are for the period ended 31 December 2025.
Valuation
Key Performance Indicators (KPI)
| KPI | 31 Dec 2025 | FY2025 |
| ROE | 12.80% | 23.21% |
| ROCE | 12.13% | 18.89% |
| Debt / Equity | 0.66 | 0.79 |
| RoNW | 11.46% | 18.93% |
| PAT Margin | 5.60% | 6.53% |
| EBITDA Margin | 11.25% | 13.20% |
EPS & Valuation
| Particulars | Pre IPO | Post IPO |
| EPS | Rs. 7.24 | To be declared |
| P/E at Upper Price | 18.78x | To be declared |
Shareholding Pattern
| Particulars | Pre Issue | Post Issue |
| Promoter Holding | 74.23% | To be declared |
Promoters
Patel Divyang Jashwantbhai, Rasiklal Valjibhai Patel, Gothi Vivek Rasiklal and Jashwantbhai Valjibhai Patel are the promoters of the company.
Recently Listed IPOs in Textiles & Apparels
| Company | Issue Type | Issue Size | Issue Price | Listing Day Close | Listing Gain/Loss | LTP |
| Shree Ram Twistex Ltd. | Mainboard | Rs. 110.24 Cr | Rs. 104 | Rs. 71.40 | -31.35% | Rs. 39.56 |
| Harikanta Overseas Ltd. | SME | Rs. 24.30 Cr | Rs. 91 | Rs. 75.77 | -16.74% | Rs. 62.50 |
| Yajur Fibres Ltd. | SME | Rs. 120.41 Cr | Rs. 174 | Rs. 132.25 | -23.99% | Rs. 40.50 |
Detailed Chanakya View
Aastha Spintex operates in the cotton yarn and cotton bales segment with an integrated spinning and ginning facility in Gujarat. The company serves a wide range of textile end-use categories including denim, terry towels, shirting, home textiles and industrial fabrics.
Financially, the company has shown strong growth compared with FY2023, with PAT increasing from Rs. 1.06 crore in FY2023 to Rs. 22.92 crore in FY2025. For the period ended 31 December 2025, the company reported total income of Rs. 314.02 crore and PAT of Rs. 17.56 crore.
The company’s debt/equity ratio has improved from 0.79 in FY2025 to 0.66 for the period ended 31 December 2025. However, ROE, ROCE and margins have moderated compared with FY2025, which investors should monitor.
The IPO may attract interest because of the company’s integrated textile infrastructure, renewable energy support and established product portfolio. However, recent textile IPO listings have been weak, and sector sentiment may remain selective.
Chanakya View: Neutral to Positive. Aastha Spintex appears suitable for investors with moderate to high risk appetite. Final decision should depend on GMP, subscription demand and updated valuation at the time of bidding.
FAQs
What is the Aastha Spintex IPO GMP today?
Refer IPO Snapshot above for the latest GMP and Subject to Sauda updates.
What is the Aastha Spintex IPO price band?
Aastha Spintex IPO price band is Rs. 126 to Rs. 136 per share.
What is the Aastha Spintex IPO lot size?
Aastha Spintex IPO lot size is 110 shares.
What is the minimum retail investment for Aastha Spintex IPO?
The minimum retail investment is Rs. 14,960 for 110 shares.
When will Aastha Spintex IPO open?
Aastha Spintex IPO will open on 29 June 2026.
When will Aastha Spintex IPO close?
Aastha Spintex IPO will close on 1 July 2026.
When will Aastha Spintex IPO list?
Aastha Spintex IPO is expected to list on BSE and NSE on 6 July 2026.
Who is the registrar of Aastha Spintex IPO?
Bigshare Services Pvt. Ltd. is the registrar of the IPO.
Who are the lead managers of Aastha Spintex IPO?
BOI Merchant Bankers Ltd. and PNB Investment Services Ltd. are the lead managers of the IPO.